Los Angeles First Preschool Education Center Inc

Analysis

Los Angeles First Preschool Education Center Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in August 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Los Angeles First Preschool Education Center Inc reported income of $1.6m and spending of $1.5m, spending 95% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $1.1m to $1.6m (+51%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 136%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Los Angeles First Preschool Education Center Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Mifal Beer Hachaim Inc ($1.6m), Opposing Abuse with Service Information and Shelter Inc ($1.6m) and Center in Asbury Park Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $149k (9.6% of expenses). At year end it held assets of $1.1m against liabilities of $1.5m, net assets of -$335k. It reported 20 employees.